Can a meme image really become a token?
First, what is it? Dogecoin (DOGE) launched in December 2013, initially created as a joke by two developers.
Why does this happen? One major reason meme coins are so volatile is that they lack fundamental anchors. When sentiment fades, prices often fall rapidly.
$DOGE was one of the earliest meme coins to break into the mainstream.
Understand how it works before getting involved, and don’t make decisions on impulse.